Articles & Videos

New Proposed Interagency Policy Statement on Allowances for Credit Losses Released

2019-10-18T10:41:25-04:00October 18th, 2019|FINANCIAL INSTITUTIONS|

In response to revisions made to the accounting for credit losses under U.S. generally accepted accounting principles (U.S. GAAP), as publicized by the Financial Accounting Standard Board (FASB), regulatory agencies included within the federal financial institution have released a statement titled Interagency Policy Statement on Allowances for Credit Losses. It is recommended that financial institutions [...]

CRI TAMPA BAY – David Alvarez: November 2019 FSFOA/FASBO Conference

2019-10-17T14:52:17-04:00October 17th, 2019|Around Town|

CRI Tampa Bay's David Alvarez will present a GASB update session at the Florida School Finance Officers Association (FSFOA)/Florida Association of School Business Officials (FASBO) joint conference. David's presentation will highlight updates on governmental financial reporting topics. The FSFOA/FASBO conference is an opportunity to learn from experts and build relationships with public school business and finance staff [...]

CRI BRADENTON – Byron Shinn: Florida Cybersecurity Task Force

2019-10-16T11:18:28-04:00October 16th, 2019|Around Town|

CRI Partner Byron Shinn has been appointed to the Florida Cybersecurity Task Force by Florida Senate President Bill Galvano. The role of the Cybersecurity Task Force is to provide guidance and recommendations to the state's cybersecurity efforts.

How Does Industry Affect Fraud Risk?

2019-10-17T17:01:10-04:00October 14th, 2019|BUSINESS CONSULTING|

Constant vigilance is the most critical control to prevent fraud risk. Employee fraud happens when a motivated individual who knows of a weakness decides that no one is paying attention. The minute that directors and employees let their guard down, someone who has been thinking about stealing will become much more likely to start doing [...]

Cost-Effective Fraud Protection

2019-10-21T17:00:43-04:00October 14th, 2019|BUSINESS CONSULTING|

Every year, businesses lose billions to fraud schemes perpetrated by employees who found ways to take advantage of inadequately protected systems. In many cases, these losses could have been limited or even prevented by following some very basic low-cost and even no-cost business practices for fraud prevention. Set an Ethical Tone More than anything else, [...]

CRI DESTIN – Chad Branson: FGFOA School of Governmental Finance

2019-10-17T14:53:03-04:00October 8th, 2019|Around Town|

CRI's Chad Branson will host a session at the 2019 Florida Governmental Finance Officers Association School of Governmental Finance. His session, entitled "Protecting Your Entity from Fraud and Misappropriation of Assets," will identify the key program areas and processes within government entities that are most at risk for fraud and misappropriation of assets including physical [...]

CRI ATLANTA – Doug Mims: IIA Atlanta Chapter Financial Services Conference

2019-10-04T15:48:28-04:00October 4th, 2019|Around Town|

CRI Partner Doug Mims will moderate a CECL panel at the third annual Institute of Internal Auditors Atlanta Chapter's 2020 Financial Services Conference. This roundtable, entitled "It's Never Too Early to Start Thinking About CECL," will cover lessons learned and best practices from a variety of perspectives. Panelists include top professionals from accounting, lending, regulatory [...]

CRI ENTERPRISE – Bill Carr: Yellowhammer 15

2019-10-02T12:41:17-04:00October 2nd, 2019|Around Town|

We are very proud to announce that our Managing Partner, Bill Carr, has been selected as part of the inaugural Yellowhammer 15 Class of 2019. The preeminent honor is for those in the private sector that are moving Alabama forward through job creation, economic impact, community involvement and philanthropic endeavors.

A Dynasty Trust Could Be The Right Move for You

2019-09-30T16:44:36-04:00September 30th, 2019|INDIVIDUAL TAX|

Last year, the Tax Cuts and Jobs Act (TCJA) was signed into law and began to affect more than just individual income taxes. This is new law brought major changes to estate planning and in turn bolstered dynasty trusts and their potential value. Changes to Exemptions When you take a closer look at the TCJA, [...]

Building Your Ideal Captive Board

2019-09-25T16:31:02-04:00September 25th, 2019|CAPTIVE INSURANCE|

Captive insurance companies have continued their march to the mainstream in recent years as more and more companies look for risk management solutions. As these companies begin taking advantage of captive benefits, they must remember that captives are insurance companies and proper governance is paramount. In doing so, the composition and operations of a captive [...]

Is an Opportunity Zone Play Right for Your Growing Manufacturing Business?

2019-09-30T19:36:29-04:00September 24th, 2019|MANUFACTURING & DISTRIBUTION|

The opportunity zone incentive created by the 2017 tax law has generated a lot of interest in the business community. The tax benefits can be significant for investors who follow the process detailed in the statute, but owners who want to use the incentive to grow a manufacturing business need to understand that it takes [...]

CRI ALBUQUERQUE – Alan “AJ” Bowers: Public Trust Advisors 2019 Public Finance Workshop

2019-10-08T17:56:00-04:00September 23rd, 2019|Around Town, Uncategorized|

CRI Partner AJ Bowers is presenting at the Public Trust Advisors 2019 Public Finance Workshop on October 17, 2019, at the Hotel Parq Central. AJ's presentation will cover GASB 84, Fiduciary Activities. He will discuss the process for making the determination, provide examples of administrative and direct financial involvement, and review fiduciary fund types.

CRI HOUSTON – Tram Nguyen: Certified Anti-Money Laundering Specialist (CAMS)

2019-09-19T16:00:30-04:00September 19th, 2019|Around Town, Uncategorized|

Carr, Riggs & Ingram Houston would like to congratulate Tram Nguyen on recently passing the Certified Anti-Money Laundering Specialist (CAMS) exam. We are proud to have you on the CRI team!

CRI BIRMINGHAM – Brian Barksdale and Jason Harpe: GASB 87 Lease Accounting Update

2019-09-19T15:53:44-04:00September 19th, 2019|Around Town|

CRI Partners Brian Barksdale and Jason Harpe will present at the Alabama Society of CPAs Governmental A&A Forum on December 5, 2019. They will cover the new treatment of leases in governmental entities that can have a significant impact on the financial reports. The presentation will review the accounting requirements as well as reporting and [...]

Top 20 CPA and Advisory Firm Carr, Riggs & Ingram Welcomes Lam & Company

2019-09-18T09:20:56-04:00September 18th, 2019|PRESS RELEASES|

LUBBOCK, Texas, September 18, 2019 - After years of providing their clients with personalized and focused financial audit guidance, Lam & Company has merged with Top 20 CPA and advisory firm Carr, Riggs & Ingram, LLC (CRI). The Lam & Company team joins more than 1,900 CRI professionals currently serving clients across the Southeastern and [...]

CRI ALBUQUERQUE – Alan “AJ” Bowers: NMASBO

2019-09-17T09:26:16-04:00September 17th, 2019|Around Town|

CRI Partner AJ Bowers will host a session at the New Mexico Association of School Business Officers' 2019 Fall Conference on September 19, 2019. This session starts with an in-depth description of internal controls as they relate to the COSO Framework. He will then examine a case study and explore what internal controls should have [...]

Balance Sheet Reconciliations: Focus on Internal Controls over Financial Reporting (ICFR)

2019-10-17T15:49:53-04:00September 15th, 2019|INTERNAL CONTROLS|

Are you looking for ways to safeguard your company’s assets? What about making sure your financial statements are accurate, or that you’ve complied with regulatory requirements? By focusing on internal controls over Financial Reporting (ICFR), small to medium-sized businesses can enhance the integrity of their financial records by regularly performing cost-effective internal controls that lessen [...]

Impact of the New Revenue Recognition Standard on the Healthcare Industry

2019-10-01T10:25:26-04:00September 11th, 2019|HEALTHCARE|

The Financial Accounting Standards Board (FASB) issued ASC 606, Revenues from Contracts with Customers, which replaced all previously-existing guidance and created a new model for recognizing revenues from transactions with customers (or patients). Healthcare providers are unique in the accounting world in many ways, most notably for the complexities surrounding the revenue cycle (billing and [...]